Dear Client: Yesterday The Duckhorn Portfolio announced it reached an agreement to acquire Sonoma-Cutrer Vineyards from Brown-Forman for $400 million in a combination of company stock and cash [see WSD 11-16-2023].  Duckhorn brass explained the rationale behind the deal in a call yesterday evening. It's the first winery brand acquisition they've made as a public … Continue reading "Sonoma-Cutrer an “Ideal Strategic Complement” to Duckhorn Portfolio"